Strategic advice on complex development agreement

Our public sector client entered into a complex development agreement with a prospective developer involving the grant of long leases of an existing industrial estate, as well as options to draw down developable areas of the surrounding land.  The developer failed to make all the capital payments due, or to carry out improvement works to the industrial estate, and subsequently went into liquidation.

We provided detailed advice on a range of complex issues, including the title position, possible termination of the development agreement, the ability to carry out works to the long leasehold land and forfeiture options for the long leases. This involved working closely with colleagues in other departments, as well as the Liquidator, in order to develop an effective strategy.

Alan Walker

Partner - Head of Real Estate Litigation (North West)

I advise on all aspects of commercial property law, including contested and uncontested lease renewals under the Landlord and Tenant Act 1954, service charge disputes, dilapidations and alienation problems, and the enforcement of covenants/wayleaves.